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AlanSantana
May 4, 2020 2:23 AM

Holo New All-Time Low (Multiple Bullish Signals On) 

BINANCE:HOTBTC1D

Description

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Good Sunday my fellow cryptocurrency trader, let's take a look at Holo (HOTBTC), it's been a while...

We will start with the long-term (Weekly) chart:


Here we have a few early and bullish signals to look at:

  • First, we have a new All-Time Low hit on no volume.
  • We have bullish divergence with the MACD, a very strong signal on this timeframe.
  • Prices hit 7 satoshis for the first time since March.
  • We have a broken trendline that comes down from the Feb. 2019 peak/ATH.


Now, let's take a quick look at the daily (D) chart, which is the main one above.

Holo (HOTBTC) moved above EMA10 and EMA50 today while at the same time hit a new resistance.

The immediate resistance to continue higher is now sitting at 7 satoshis (0.00000007), this is the next barrier.
  • Above this level, HOTBTC can easily continue growing.
  • If prices drop back below EMA10 at 0.00000005, there will be more bearishness and consolidation (this phase is likely over).


Thanks a lot for reading.

Remember to hit LIKE if you want more altcoins updates.
Your support is truly appreciated. 😊

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisholoHOTHOTBTCbinancebittrexaltcoinscryptoCryptocurrencyalanmasters
Comments
Karnicle
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What are your thoughts about this Long? definately picking some up at this price, but Not sure if i should keep monitoring or take a nice profit and go elsewhere
AlanSantana
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@Karnicle, To make money is better to cycle them... Take the money and leave.
Karnicle
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@alanmasters, all the best alan :)
AlanSantana
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@Karnicle, 😊
SydneyNewbie
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Looking at the chart though I agree and think this has bottomed out here. Probably worth a look at stocking up a few
Sitan
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the orderbooks is looking kind of thin right now
Edward187216
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I can't wait for 8 satoshi , been waiting since feb
Bodeman
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I've seen this this pattern of formation before, mostly in really small cap coins. It strikes me as bot trading. I don't know what to make of it. It doesn't seem organic.
citkirildi
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I've been waiting impatiently for holo to go up :))
lukeArmstrong1
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@citkirildi, I AM WAITING ALSO. it does look like its definitely going up on the weekly chart.
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